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The $1.5bn rehabilitation of the Port Harcourt Refining Company has commenced in full and part of the facility will start delivering refined products by September next year, the Nigerian National Petroleum Corporation has said.
The $1.5bn rehabilitation of the Port Harcourt Refining Company has commenced in full and part of the facility will start delivering refined products by September next year, the Nigerian National Petroleum Corporation has said.
NNPC officially signed the contract with Tecnimont SPA for the $1.5bn rehabilitation programme of PHRC on April 6th and parties in the agreement announced the commencement of the project.
Speaking on Tuesday on the progress of work at the facility, the Group General Manager, Group Public Affairs Division, NNPC, Kennie Obateru, assured Nigerians that some part of the facility would deliver products in September 2022.
He, however, noted that the entire rehabilitation programme would be over in 44 months, stressing that the contractor had already mobilised to site.
Nigeria currently imports refined petroleum products from other nations despite being a major exporter of crude oil in Africa.
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